Gold rises to weekly high after US, Iran reach peace deal Gold price (XAU/USD) rose to a weekly high during Asian trading hours on Monday. The precious metal rebounded after the US and Iran reached a deal to end their conflict, easing concerns about inflation and high
China’s central bank sets the daily yuan reference rate at 6.8088, slightly firmer than Friday’s 6.8109 fix and above Reuters estimates. The People’s Bank of China set the USD/CNY reference rate at 6.8088 for Monday’s trading session, compared with 6.8109 on Friday. The fi
The stronger-than-expected yuan fixing may signal policy caution amid market volatility and external pressure. China’s central bank set the daily USD/CNY reference rate at 6.8088, above the 6.7544 estimate from traders. The move allows the yuan to trade within a 2% band ar
The British pound rises against the dollar after a US-Iran peace agreement reduces geopolitical risks and weakens the greenback. GBP/USD advanced to 1.3450 in Asian trading on Monday, recovering from minor losses as the US dollar retreated. The move follows reports of a US
Oil benchmarks fell sharply as the Strait of Hormuz reopens, easing supply concerns after over 100 days of closure. Brent crude fell 3.95% to $83.88 per barrel in early Asian trading Monday after the U.S. and Iran agreed to reopen the Strait of Hormuz. WTI declined 4.62% t
South Korea won gains support after US liaison The won has seen some bids due to the US-Iran peace MoU. The US-Iran peace MoU has already led to some bids for the won. The PBOC is expected to set the USD/CNY reference rate at 6.7544. SpaceX's $226B
Oil prices decline after reports of a US-Iran agreement ease geopolitical supply risks in the Middle East. West Texas Intermediate crude fell to $79.40 in early Asian trading, marking a two-month low. The drop follows reports of a US-Iran agreement aimed at ending nearly f
Oil prices fall as Washington and Tehran agree to end military operations and reopen the Strait of Hormuz by Friday. West Texas Intermediate crude slid to $79.40 in early Asian trading, hitting a two-month low. The decline follows reports of a US-Iran peace agreement, whic
The People’s Bank of China’s daily yuan fixing influences onshore trading within a 2% band, reflecting policy signals and market conditions. The People’s Bank of China is expected to set its daily USD/CNY reference rate at 6.7544, a key benchmark for onshore yuan trading.
Kospi futures gain 5% on US-Iran peace talks The US-Iran peace proposal has led to a surge in equities, with Kospi futures rising 5%. The proposal is set to be signed on Friday, sparking optimism in the market. SpaceX's $226 billion valuation is being quest